BGS vs NYC: Correlation
How closely do B&G Foods, Inc. (BGS) and American Strategic Investment Co. (NYC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGS and NYC?
Over the past 3 years, BGS and NYC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.24). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is -762.7 %².
Out of 15 assets tracked against BGS, NYC lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months BGS outperformed by 28.4 percentage points (-11.2% for BGS against -39.6% for NYC).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BGS vs NYC: side by side
| BGS (B&G Foods, Inc.) | NYC (American Strategic Investment Co.) | |
|---|---|---|
| 1-year return | -11.2% | -39.6% |
| 5-year return | -80.9% | -9.2% |
| Volatility (ann.) | 54.4% | 59.5% |
| Beta vs S&P 500 | 0.09 | 0.56 |
| Max drawdown (3Y) | -63.6% | -60.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 18.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGS | NYC |
|---|---|---|
| 2022 | -60.7% | -80.8% |
| 2023 | +0.3% | +350.3% |
| 2024 | -28.3% | +6.5% |
| 2025 | -26.8% | -2.4% |
| 2026 | -14.2% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGS and NYC good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BGS and NYC?
As of 2026-08-27, the correlation of weekly returns between BGS and NYC is -0.24 over 3 years, -0.36 over 1 year and 0.07 over 5 years.
Is NYC a good diversifier for BGS?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgs-vs-nyc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgs-vs-nyc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGS correlations · NYC correlations
